RepairSmith acquisition boosts its offerings and opens up new customer opportunities.
Meanwhile, AutoNation, Hendrick Automotive Group top public, private rankings.
Most categories of dealership service and parts businesses have recovered from COVID-19 shutdowns, especially customer-pay work.
AutoNation predicts demand for new vehicles will continue into next year, as low-interest rates and robust demand helped the retailer boost quarterly earnings estimates.
The automotive retailer’s Q1 2021 adjusted earnings skyrocketed 207% year over year with adjusted earnings of $2.79 per share.
AutoNation chairman and CEO, Mike Jackson, discussed safe operating procedures and much more during his appearance on CNBC’s Squawk Box on Sunday, May 9.
Canadian auto group HGreg.com has added an eighth Florida dealership to its roster, acquiring the former AutoNation Nissan Kendall, one of America’s biggest Nissan stores.
All six of America’s big publicly traded dealership groups enjoyed year-over-year gains in F&I profit per vehicle retailed in Q3, led by record highs at AutoNation and Sonic Automotive.
The U.S. PIRG Education Fund issued a damning report after finding one in every nine used vehicles for sale at 28 AutoNation-owned locations in 12 states is subject to an open recall.
NuVinAir Global has named former AutoNation and CarMax executive Troy Blackwell senior vice president of global operations.
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